Indias leading cement manufacturer UltraTech Cement, a flagship company of Aditya Birla Group, announced to invest approximately $823 million to increase cement production capacity by 12.8 mtpa with a mix of brown field and green field expansion.
- The additional capacity will be created in the fast-growing markets of the east, central and north regions of the country.
- This expansion includes the existing approval for the cement plant at Pali in Rajasthan
- The Companys 6.7 mtpa capacity expansion currently underway in Uttar Pradesh, Odisha, Bihar and West Bengal, which has picked up pace and is expected to get commissioned by FY22, in a phased manner.
In April 2020:Aditya Birla Group company Hindalco Industries Limited a leading aluminium rolling and recycling company has announced the completion of acquisition of the USA based rolled products leader, Aleris Corporation for $2.8 billion. Aleris acquired by Novelis Inc. a wholly-owned subsidiary of Hindalco.
In July 2019: Aditya Birla Groups Aditya Birla Fashion and Retail Limited has established a partnership with Indias leading designers Shantanu & Nikhil with the acquisition of 51 per cent stake in M/s Finesse International Design Private Limited.
In March 2019: Aditya Birla company Grasim Industries Limited signed a definitive agreement to acquire 100 per cent equity shareholding of Soktas India Private Limited (SIPL), from its current promoters.
About Aditya Birla Group
Aditya Birla Group is Indias leading conglomerate. The group has business in a wide range of sectors like-metals, pulp and fibre, chemicals, textiles, carbon black, telecom and cement. The conglomerate has operations in around 42 countries and a workforce of approximately 120,000 employees. The group operates business in the name of Grasim Industries Limited, Hindalco Industries Limited, UltraTech Cement Limited, Aditya Birla Fashion & Retail Limited, and Aditya Birla Capital Limited.